Preferred Stock Dividends interest Incurred in connection with Investments in discontinued operations;
Preferred Stock Dividends. The holders of Series A Preferred Stock, Series B Preferred Stock, Series B-1 Preferred Stock, Series C Preferred Stock and Series C-1 Preferred Stock shall be entitled to receive non-cumulative dividends, on a pari passu basis, at the rate of 8% of the Series A Issue Price as defined in Section 2.a. (as adjusted for any stock dividends, combinations or splits with respect to such shares) per annum for the Series A Preferred Stock, at the rate of 8% of the Series B Issue Price as defined in Section 2.a (as adjusted for any stock dividends, combinations or splits with respect to such shares) per annum for the Series B Preferred Stock, at the rate of 8% of the Series B-1 Issue Price as defined in Section 2.a. (as adjusted for any stock dividends, combinations or splits with respect to such shares) per annum for the Series B-1 Preferred Stock, at the rate of 8% of the Series C Issue Price as defined in Section 2.a. (as adjusted for any stock dividends, combinations or splits with respect to such shares) per annum for the Series C Preferred Stock, and at the rate of 8% of the Series C-1 Issue Price as defined in Section 2.a. (as adjusted for any stock dividends, combinations or splits with respect to such shares) per annum for the Series C-1 Preferred Stock, payable out of funds legally available therefor. Such dividends shall be payable only when, as, and if declared by the Board of Directors and shall be non-cumulative. No dividends (other than those payable solely in the Common Stock of the Company) shall be paid or other distribution made on any Common Stock of the Company, or purchase, redemption or other acquisition of Common Stock for value during any fiscal year of the Company until dividends, in the amount of 8% of the Series A Issue Price (as adjusted for any stock dividends, combinations or splits with respect to such shares) on the Series A Preferred Stock, 8% of the Series B Issue Price as defined in Section 2.a (as adjusted for any stock dividends, combinations or splits with respect to such shares) on the Series B Preferred Stock, 8% of the Series B-1 Issue Price as defined in Section 2.a (as adjusted for any stock dividends, combinations or splits with respect to such shares) on the Series B-1 Preferred Stock, 8% of the Series C Issue Price as defined in Section 2.a (as adjusted for any stock dividends, combinations or splits with respect to such shares) on the Series C Preferred Stock, and 8% of the Series C-1 Issue Price as defined in Section...
Preferred Stock Dividends. Payable quarterly at $[ ] per share (6% per annum) in cash. If for any reason a dividend is not paid in cash when scheduled, the amount of such dividend shall accrue interest at a rate of 12% per annum until paid.
Preferred Stock Dividends. Holders of the Preferred Stock are entitled to receive, when, as and if declared by the Board of Directors out of the funds of the Corporation legally available therefor, a cash dividend at the annual rate of 6% of the Stated Value Per Share (equivalent to $3.00 per share per annum). Dividends with respect to the Preferred Stock will be payable quarterly in arrears on March 15, June 15, 54 September 15 and December 15 of each year, commencing June 15, 1997 (and, in the case of any accrued but unpaid dividends, at such additional times and for such interim periods, if any, as determined by the Board of Directors). Dividends on the Preferred Stock will be cumulative and will accrue without interest from the date of original issuance. Dividends will be payable to the holders of record as they appear on the stock books of the transfer agent for the Corporation on such record dates, which shall be not more than 30 days nor less than 10 days preceding the payment dates, as shall be fixed by the Board of Directors, provided that holders of shares of Preferred Stock called for redemption on a redemption date falling between a dividend payment record date and the dividend payment date shall, in lieu of receiving such dividend payment on the dividend payment date fixed therefor, receive such dividend payment together with all other accrued and unpaid dividends on the date fixed for redemption (unless such holders convert such shares to Common Stock, in which case such holders will receive such payment on the corresponding dividend payment date). Dividends payable on the Preferred Stock for the initial dividend period and dividends payable for any period shorter or longer than a full dividend period will be computed on the basis of a 360-day year consisting of twelve 30-day months. If dividends are not paid in full upon the Preferred Stock and any other Parity Preferred Stock, all dividends declared upon shares of Preferred Stock and such other Parity Preferred Stock will be declared pro rata so that in all cases the amount of dividends declared per share on the Preferred Stock and the other Parity Preferred Stock bear to each other the same ratio that accrued and unpaid dividends per share on the shares of the Preferred Stock and the other Parity Preferred Stock bear to each other. Except as set forth above, unless full cumulative dividends on the Preferred Stock have been paid and funds set aside, dividends (other than dividends paid solely in Common Stock or Junio...
Preferred Stock Dividends. There shall have been no dividends or other distributions declared or made on the Preferred Stock.
Preferred Stock Dividends. Subsection 9.7 of the Credit Agreement is amended by deleting the text "
(a) the Borrower may declare and pay cash dividends on its Preferred Stock in accordance with the terms of the Preferred Stock Documents as in effect on the Closing Date;" and replacing such text with:
(a) at any time after the Borrower delivers, in conformity with subsection 8.1, its audited annual financial statements as at December 31, 1999 and for the fiscal year then ended, the Borrower may:
(i) declare and pay cash dividends (other than in respect of Deferred Preferred Stock Dividend Accruals) on its Preferred Stock in accordance with the terms of the Preferred Stock Documents as in effect on the Closing Date; and
(ii) declare and pay a single cash dividend in respect of Deferred Preferred Stock Dividend Accruals, but only if (A) such dividend does not exceed $7,000,000, (B) Consolidated EBITDA of the Borrower and its consolidated Subsidiaries for the period of three consecutive fiscal quarters ending on December 31, 1999 (as confirmed to the Agent and Lenders by a certificate of a Responsible Officer of the Borrower accompanied by a review letter, satisfactory to the Required Lenders, from the accountants that audited such financial statements) was not less than $49,500,000, and (C) the ratio of (x) Consolidated EBITDA of the Borrower and its consolidated Subsidiaries for the period of three consecutive fiscal quarters ending on December 31, 1999 (as so confirmed) to (y) the sum of (I) Fixed Charges for such period (as likewise so confirmed) and (II) the amount of such dividend is not less than 1.00 to 1;
Preferred Stock Dividends. NSS shall have satisfied all obligations in respect of any unpaid dividends on NSS Convertible Preferred Stock through the Closing Date.
Preferred Stock Dividends interest accruing on any Debt of any other Person to the extent such Debt is Guaranteed by the Company or any Restricted Subsidiary, and
Preferred Stock Dividends. At the Effective Time the obligations of BSI to pay accrued and unpaid dividends on the issued and outstanding shares of BSI Preferred Stock shall be cancelled.
Preferred Stock Dividends. Except to the extent permitted by Section 9.03(iii), Holdings will pay all dividends on the Series A Preferred Stock, the Series B Preferred Stock and all other Qualified Preferred Stock of Holdings through the issuance of additional shares of Series A Preferred Stock, Series B Preferred Stock or other Qualified Preferred Stock, as the case may be, rather than in cash.
